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Sandler Capital Management Portfolio holdings

AUM $193M
1-Year Est. Return 77.14%
This Fund
S&P 500
This Quarter Est. Return
-1.65%
1 Year Est. Return
+77.14%
3 Year Est. Return
+287.77%
5 Year Est. Return
+477.32%
10 Year Est. Return
+5,217.56%
AUM
$971M
AUM Growth
-$244M
Cap. Flow
-$168M
Cap. Flow %
-17.26%
Top 10 Hldgs %
26.66%
Holding
134
New
39
Increased
29
Reduced
29
Closed
25

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$19.1M
2
CLH icon
Clean Harbors
CLH
+$18.9M
3
VRT icon
Vertiv
VRT
+$15.1M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$14.9M
5
MSFT icon
Microsoft
MSFT
+$13.3M

Top Sells

Rank Stock Value
1
FWONK icon
Liberty Media Series C
FWONK
+$40.1M
2
LYV icon
Live Nation Entertainment
LYV
+$35.4M
3
TTEK icon
Tetra Tech
TTEK
+$27M
4
WWE
World Wrestling Entertainment
WWE
+$22.3M
5
RTX icon
RTX Corp
RTX
+$22.1M

Sector Composition

Rank Sector Weight
1 Technology 17.35%
2 Industrials 16.73%
3 Healthcare 9.58%
4 Consumer Discretionary 5.9%
5 Communication Services 5.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RTX icon
126
RTX Corp
RTX
$301B
– –
-225,650
Closed -$22.1M
SONO icon
127
CALL
Sonos
SONO
$1.86B
– –
-785,800
Closed -$12.8M
TSM icon
128
CALL
TSMC
TSM
$2.19T
– –
-200,000
Closed -$20.2M
VRT icon
129
CALL
Vertiv
VRT
$105B
– –
-550,000
Closed -$13.6M
WWD icon
130
Woodward
WWD
$21.1B
– –
-55,000
Closed -$6.54M
XPO icon
131
XPO
XPO
$23.6B
– –
-120,000
Closed -$7.08M
ZS icon
132
Zscaler
ZS
$28.7B
– –
-63,410
Closed -$9.28M
WWE
133
DELISTED
World Wrestling Entertainment
WWE
– –
-205,340
Closed -$22.3M
2 3 4 5
6

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CA
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SCPM
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TVM
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GHI
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LAII
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Sandler Capital Management's Q3 2023 Portfolio in Review

As of Q3 2023, Sandler Capital Management held 134 positions worth $971M, down 20% from $1.21B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Sandler Capital Management withdrew a net $168M in Q3 2023, closing 25 positions and reducing 29 holdings. Its most notable exit was Live Nation Entertainment, an estimated $35.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 15% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Sandler Capital Management opened a new position in Vertiv worth $17M.

  • Sandler Capital Management's largest Q3 2023 buy was Vertiv: 456,810 shares worth $17M.
  • Sandler Capital Management added most to Meta Platforms (Facebook) in Q3 2023, an estimated $19.1M increase.
  • Sandler Capital Management's biggest Q3 2023 reduction was Liberty Media Series C, cutting an estimated $40.1M.
  • Sandler Capital Management fully exited Live Nation Entertainment in Q3 2023, selling an estimated $35.4M.
  • Sandler Capital Management's ten largest holdings make up 27% of its $971M portfolio in Q3 2023.
  • Sandler Capital Management opened 39 new positions and closed 25 in Q3 2023.
  • Sandler Capital Management's portfolio value fell 20% quarter-over-quarter to $971M.

Based on Sandler Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.